Greystone Managed Investments Inc. Grows Holdings in Honeywell International Inc. (NYSE:HON)

Greystone Managed Investments Inc. grew its stake in shares of Honeywell International Inc. (NYSE:HON) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,931 shares of the conglomerate’s stock after acquiring an additional 8,781 shares during the period. Greystone Managed Investments Inc.’s holdings in Honeywell International were worth $11,485,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HON. Connor Clark & Lunn Investment Management Ltd. lifted its position in Honeywell International by 42.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 89,775 shares of the conglomerate’s stock valued at $11,861,000 after purchasing an additional 26,675 shares during the last quarter. Sound View Wealth Advisors LLC bought a new stake in shares of Honeywell International during the 4th quarter worth about $1,907,000. Vickerman & Driscoll Financial Advisors Inc. raised its position in shares of Honeywell International by 16.2% during the 4th quarter. Vickerman & Driscoll Financial Advisors Inc. now owns 11,035 shares of the conglomerate’s stock worth $1,458,000 after buying an additional 1,539 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Honeywell International by 35.6% during the 4th quarter. Bessemer Group Inc. now owns 14,697 shares of the conglomerate’s stock worth $1,943,000 after buying an additional 3,859 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Honeywell International by 2.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 780,335 shares of the conglomerate’s stock worth $103,097,000 after buying an additional 18,551 shares in the last quarter. 75.65% of the stock is owned by institutional investors.

Shares of Honeywell International stock traded down $0.52 on Wednesday, reaching $171.29. The stock had a trading volume of 3,822,500 shares, compared to its average volume of 2,911,818. The stock has a market capitalization of $123.14 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 2.36 and a beta of 1.10. Honeywell International Inc. has a fifty-two week low of $123.48 and a fifty-two week high of $172.11. The company has a current ratio of 1.24, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45.

Honeywell International (NYSE:HON) last released its earnings results on Thursday, April 18th. The conglomerate reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.09. The firm had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $8.63 billion. Honeywell International had a net margin of 16.73% and a return on equity of 32.46%. The business’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.95 EPS. As a group, research analysts predict that Honeywell International Inc. will post 8 earnings per share for the current year.

In other Honeywell International news, insider Timothy O. Mahoney sold 73,352 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $154.30, for a total value of $11,318,213.60. Following the sale, the insider now owns 305,505 shares of the company’s stock, valued at approximately $47,139,421.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Linnet F. Deily sold 4,234 shares of the business’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total transaction of $629,807.50. Following the completion of the sale, the director now directly owns 11,369 shares in the company, valued at approximately $1,691,138.75. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

A number of research firms recently commented on HON. Oppenheimer reiterated a “market perform” rating on shares of Honeywell International in a report on Tuesday, January 8th. CIBC reissued a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Deutsche Bank lifted their target price on shares of Honeywell International to $160.00 and gave the stock a “buy” rating in a research report on Monday, February 4th. Credit Suisse Group raised shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $132.06 target price on the stock in a research report on Thursday, January 3rd. Finally, Zacks Investment Research reissued a “hold” rating on shares of Honeywell International in a research report on Monday, December 31st. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $175.20.

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About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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